stfcShriram Transport Finance Company Ltd  of Secured NCD of face value Rs 1000 each, aggregating up to Rs 375 crores with an option to retain over subscription up to Rs 375 crores for issuance of additional NCDs aggregating to a total up to Rs 750 crores

Allotment of Bonds will be on First-cum- first – serve Basis

Product Note

Issue Highlight
IssuerShriram Transport Finance Co. Ltd
Issue Open16 July 2013
Issue Close29 July 2013
Issue SIzePublic Issue of NCDs aggregating upto Rs. 375 Crores with an option to retain over-subscription upto Rs. 375 Crores for issuance of additional NCDs aggregating to a total of upto Rs. 750 Crores
Face ValueRs. 1000
Credit RatingCRISIL AA/Stable & CARE AA+
Minimum ApplicationRs. 10,000/- (10 NCDs) (for all Series of NCDs, namely Series I, Series II, Series III, Series IV and Series V either taken individually or collectively)

Interest Rate Table

Series I

Series IIndividual / HUFNon Individual
Coupon10.90 % ( 9.65+ 1.25 Incentive)9.65 %
Tenor36 Month36 Month
Interest FrequencyAnnualAnnual

Series II

Series IIIndividual / HUFNon Individual
Coupon11.15 % ( 9.80 + 1.25 Incentive)9.80 %
Tenor60 Month60 Month
Interest FrequencyAnnualAnnual

Series III 

Series IIIIndividual / HUFNon Individual
Coupon10.63 % ( 9.40 + 1.23 Incentive)9.40 %
Tenor60 Month60 Month
Interest FrequencyMonthlyMonthly

Series IV 

Series IVIndividual / HUFNon Individual
Coupon10.90 %9.65 %
Tenor36 Month36 Month
Interest FrequencyN/AN/A
Maturity Value1364.331318.67

Series V 

Series VIndividual / HUFNon Individual
Coupon10.90 %9.65 %
Tenor60 Month60 Month
50 % Maturity @ end of 48 month 763.37726.93
50 % Maturity @ end of 60 month 848.48798.17
Total Maturity Amount 1611.851525.10

About Issuer

Shriram Transport Finance Company  (STFC)  is the largest Indian asset financing NBFC*. , with a primary focus on financing pre‐
owned commercial vehicles.  
The AUM was Rs. 50,119.87   crores (comprising Assets Under Management in the books of our Company of Rs. 31,967.98 crores, and loan assets securitized and assigned of Rs. 18,151.88 crores) as on March 31, 2013 on an unconsolidated basis. 
 
Over the past three decades, STFC has achieved success in reaching its objective of offering the common man with a host of products and services that would be helpful to him on his path to prosperity. The current NCD issue will help us enhance our lending capacity and further our objective. 
 
Also  due  to  our  large  Balance  Sheet  size  it  is  pertinent  from  a  long  term  business  growth perspective that we are able to diversify our lenders base, so that we are able to borrow money from a variety of investor classes at a competitive cost.

FAQ

Q.  What is Face Value of Issue?

Ans .  The NCD will be issued at face value of Rs. 1000/- per NCD.

Q. What is minimum Application size for Investment ?

Ans . – An investor need to apply for minimum Rs. 10000/- ot 10 NCD & multiples of Rs. 1000 or 1 NCD

Q.  Is there any reservation for Retail Investor ?

Ans. Yes, Individual Investors in this issue have been classified under two categories,  Retail Ind. Investor (investment upto 5 lakh) and HNI  (investment above Rs. 5 lakhs).

50 % of the issue id reserved for Retail Investor & 30 % for HNI’s .

Q.  Is Dmat Account is necessary to invest in these bonds ?

Series I , II , IV & V – allotted Physical Form & D’mat form (both Option)

Series III – Compulsorily in D’mat Form only

Download

Subscription

STFC NCD as on 22-07-2013 at 11.00 a.m.

COLLECTION FIGURES WITH AND WITHOUT GREENSHOE OPTION
Category NCDs offered Amount Response Amount Over Over
Rs. In Crs Received (NCDs) Rs. In Crs Subscription Subscription
Rs.375 Crs Rs.750 Crs
1 Institutional Investors (10%) 375000 37.5 4917 0.49 0.01 0.01
II Non Institutional Investors 10%) 375000 37.5 23845 2.38 0.06 0.03
III High Net-worth Individuals (HNIs) (30%) 1125000 112.5 2273019 227.30 2.02 1.01
IV Retail Investors (50%) 1875000 187.5 4169455 416.95 2.22 1.11
Total 3750000 375 6471236 647.12 1.73 0.86

Listing

Allotment & Listing Details

Allotment  – Link

Listing Date :  7 Aug. 2013

Annexure I – Security details

Scrip Code 934886 934887 934888 934889 934890
Scrip ID 965STFC16 980STFC18 940STFC18 0STFC16 0STFC18
Security Description Series I Series II Series III Series IV Series V
No. of Sec 2639737 2988457 590172 611917 528621
ISIN INE721A07FU7 INE721A07FV5 INE721A07FW3 INE721A07FX1 INE721A07FY9
Abbrv. Name 965STFC16 980STFC18 940STFC18 0STFC16 0STFC18
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RajendraNCDShriram Transport Finance Company Ltd  of Secured NCD of face value Rs 1000 each, aggregating up to Rs 375 crores with an option to retain over subscription up to Rs 375 crores for issuance of additional NCDs aggregating to a total up to Rs 750 crores Allotment of Bonds will...Investment you need